News Archives for Print - 2007-09-19

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 19 Sep, 2007 12:00am

On Tuesday, the BRIndex30 opened in the green zone, at 13,995.38, with an upward gap of 69.13 points, and remained there for whole of the trading time. It closed at 14,136.28 with a net positive change of 210.03 points, or 1.51 percent.

Published 19 Sep, 2007 12:00am

Bangladesh tea prices rise

The average price of Bangladesh teas rose 1.71 percent to 80.71 taka ($1.17) per kg at the weekly auction on Tuesday, brokers said. "About 1.23 million kg were sold at an average price of 80.71 taka per kg, up 1.71 taka from the previous sale. The withdra

Published 19 Sep, 2007 12:00am

Fresh oil and gas discoveries enliven stock market

Karachi share market witnessed a bullish session on Tuesday with the KSE-100 index breaching through 12,800 points'' level and reaching near 13,000 points'' level on the back of increasing oil prices in the international market and fresh oil and gas disco

Published 19 Sep, 2007 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 90,088 tonnes cargo including 71,510 tonnes import, 18,578 tonnes export cargo and 2,934 containers (TEUs) during last 24 hours ending at 0700 hours on Tuesday.

Published 19 Sep, 2007 12:00am

Fresh oil and gas discoveries enliven stock market

Karachi share market witnessed a bullish session on Tuesday with the KSE-100 index breaching through 12,800 points' level and reaching near 13,000 points' level on the back of increasing oil prices in the international market and fresh oil and gas discove

Published 19 Sep, 2007 12:00am

WCE canola futures set fresh contract highs

Winnipeg Commodity Exchange canola futures set fresh contract highs on Monday on fund and crusher buying after US markets continued to rally, traders said. "The crusher continues to buy the market," a trader said. Canola ended $2.50 to $4.70 per tonne hig

Published 19 Sep, 2007 12:00am

Fresh oil and gas discoveries enliven stock market

Karachi share market witnessed a bullish session on Tuesday with the KSE-100 index breaching through 12,800 points' level and reaching near 13,000 points' level on the back of increasing oil prices in the international market and fresh oil and gas discove

Published 19 Sep, 2007 12:00am

HRW wheat bids steady to weaker

Basis bids for US Plains hard red winter wheat were steady to weaker Tuesday as the market continued to adjust to only very light farmer sales, mostly filled pipelines and only light mill demand. While bids were mostly steady, the basis did dropped 5 to 8

Published 19 Sep, 2007 12:00am

Musharraf tells Supreme Court he will shed uniform before oath-taking

In a significant political move for transition to civilian rule in the country, President Pervez Musharraf on Tuesday made a firm commitment in the Supreme Court that "if re-elected as the President, I shall relinquish charge of the office of the Chief of

Published 19 Sep, 2007 12:00am

Oil World sees EU rapeseed crop up in 2007

Hamburg-based oilseed analyst Oil World raised slightly its estimate of the European Union's 2007 rapeseed harvest to 17.45 million tonnes on Tuesday, up from 17.41 million seen last month and 8 percent higher than 2006. Market talk has suggested that thi

Published 19 Sep, 2007 12:00am

Musharraf tells Supreme Court he will shed uniform before oath-taking

In a significant political move for transition to civilian rule in the country, President Pervez Musharraf on Tuesday made a firm commitment in the Supreme Court that "if re-elected as the President, I shall relinquish charge of the office of the Chief of

Published 19 Sep, 2007 12:00am

Prices move both ways on grain market

Modest business was seen on the grain market on Tuesday as most of the buyers kept on the sidelines to see prices come down to their desired levels, dealers said. On the gram side gram garda Punjab posted fresh gain of Rs 50 to Rs 2900-3025, gram dal Punj

Published 19 Sep, 2007 12:00am

FBR directed to put up textile issues with industry''''s consent

The Economic Coordination Committee (ECC) of the Cabinet has directed the Federal Board of Revenue (FBR) not to put up any textile-related issue without prior consultation with the Ministry of Textile Industry, official sources told Business Recorder.<

Published 19 Sep, 2007 12:00am

US Midwest soyabean bids steady to weak

Spot basis bids for soyabeans were steady to weak at locations around the interior US Midwest on Monday as farmers geared up for harvest, grain dealers said. But cash bids for soyabeans rose at locations along the region's rivers. Bids for both corn and w
Published 19 Sep, 2007 12:00am

FBR directed to put up textile issues with industry''s consent

The Economic Coordination Committee (ECC) of the Cabinet has directed the Federal Board of Revenue (FBR) not to put up any textile-related issue without prior consultation with the Ministry of Textile Industry, official sources told Business Recorder.<
Published 19 Sep, 2007 12:00am

KCBT wheat futures sharply higher

Hard red winter wheat futures on the Kansas City Board of Trade surged to a sharply higher close on Monday amid speculation over reductions in Australian crop estimates and import plans by Pakistan, traders said.
Published 19 Sep, 2007 12:00am

FBR directed to put up textile issues with industry's consent

The Economic Coordination Committee (ECC) of the Cabinet has directed the Federal Board of Revenue (FBR) not to put up any textile-related issue without prior consultation with the Ministry of Textile Industry, official sources told Business Recorder.<
Published 19 Sep, 2007 12:00am

Indonesia's wheat imports from US seen up

Indonesia's wheat imports from the United States may grow by 10 percent in 2007/2008 from the previous year because of tight supplies from Australia, a US industry consultant said on Tuesday. Indonesia imported 731,300 tonnes of wheat from the United Stat
Published 19 Sep, 2007 12:00am

FBR directed to put up textile issues with industry's consent

The Economic Coordination Committee (ECC) of the Cabinet has directed the Federal Board of Revenue (FBR) not to put up any textile-related issue without prior consultation with the Ministry of Textile Industry, official sources told Business Recorder.<
Published 19 Sep, 2007 12:00am

Oil cake market rates

Modest business was seen on forward cottonseed oilcake market on Tuesday. Some buyers were active to cover the near-term needs, dealers said. The December vaida was unchanged at Rs 500.00 and market closed at the same level, they said. The January vaida o
Published 19 Sep, 2007 12:00am

Modalities finalised for crushing season

The government and the Pakistan Sugar Mills Association (PSMA) on Tuesday finalised the modalities for crushing season 2007-08, accepting each other''s major demands. The government agreed that Trading Corporation of Pakistan (TCP) will buy 0.4 million to
Published 19 Sep, 2007 12:00am

Mills find cotton prices favourable, continue buying

Firm trend was witnessed on cotton market on Tuesday as mills continued forward buying due to prevailing levels were matching with export parity, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2800, dealers said.
Published 19 Sep, 2007 12:00am

Modalities finalised for crushing season

The government and the Pakistan Sugar Mills Association (PSMA) on Tuesday finalised the modalities for crushing season 2007-08, accepting each other's major demands. The government agreed that Trading Corporation of Pakistan (TCP) will buy 0.4 million ton
Published 19 Sep, 2007 12:00am

New York coffee ends at 8-1/2-month high

ICE arabica coffee trading in the pit finished sharply higher at an 8-1/2-month high on Monday, on fund short covering and new buying unmatched by origin selling, traders said.
Published 19 Sep, 2007 12:00am

Modalities finalised for crushing season

The government and the Pakistan Sugar Mills Association (PSMA) on Tuesday finalised the modalities for crushing season 2007-08, accepting each other's major demands. The government agreed that Trading Corporation of Pakistan (TCP) will buy 0.4 million ton
Published 19 Sep, 2007 12:00am

Asian oil swaps up on record crude, cracks fall

Outright Asian oil swaps were pulled higher on Tuesday, as crude oil prices hit record-highs, but cracks for all product's fell, brokers said. Front-month October gas oil swaps rose $1.40 by mid-session to $92.00 a barrel, pulled higher by record crude oi
Published 19 Sep, 2007 12:00am

More discounting likely in tight money market

A shortage of funds in interbank money market on Tuesday forced the banks to borrow heavily from the central bank (State Bank of Pakistan) discount window for the second consecutive day. Dealers said that with no cash inflows scheduled this week and fund
Published 19 Sep, 2007 12:00am

Australian wool indicator rises

The Australian Wool Exchange (AWEX) said its eastern market indicator (EMI) rose by 14 cents to 930 cents a kilogram clean on Tuesday. Of the 12,307 bales on offer, 711 were passed in. Sales resume in Newcastle, Melbourne and Fremantle on Wednesday.
Published 19 Sep, 2007 12:00am

More discounting likely in tight money market

A shortage of funds in interbank money market on Tuesday forced the banks to borrow heavily from the central bank (State Bank of Pakistan) discount window for the second consecutive day. Dealers said that with no cash inflows scheduled this week and fund
Published 19 Sep, 2007 12:00am

Asian naphtha: prices jump to highest since mid-July

Asia naphtha's outright prices soared on Tuesday to their highest since mid-July, on surging oil prices that hit a record above $81 a barrel, but the premium against Brent crude fell on weak physical market.
Published 19 Sep, 2007 12:00am

More discounting likely in tight money market

A shortage of funds in interbank money market on Tuesday forced the banks to borrow heavily from the central bank (State Bank of Pakistan) discount window for the second consecutive day. Dealers said that with no cash inflows scheduled this week and fund
Published 19 Sep, 2007 12:00am

New York cocoa ends firm

US open-outcry cocoa ended firm on Monday, after touching a one-month high on technical support while some speculators kept buying on talk about concern for the upcoming main crop out of West Africa, traders said. "I think it's more technical than anythin
Published 19 Sep, 2007 12:00am

Dollar at record low

The dollar fell to a record low versus the euro early on Tuesday after the Federal Reserve cut its key interest rate. Policy-makers reduced the benchmark lending rate between banks by the most since November 2002 to 4.75 percent, the lowest level since Ma
Published 19 Sep, 2007 12:00am

MGE spring wheat higher

Nearby spring wheat futures on the Minneapolis Grain Exchange closed up their 30-cent limit on Monday, buoyed by speculation over large reductions in Australian crop estimates and import plans by Pakistan, traders said. The December spring wheat contract
Published 19 Sep, 2007 12:00am

Dollar at record low

The dollar fell to a record low versus the euro early on Tuesday after the Federal Reserve cut its key interest rate. Policy-makers reduced the benchmark lending rate between banks by the most since November 2002 to 4.75 percent, the lowest level since Ma
Published 19 Sep, 2007 12:00am

South Korea flour millers buy another 24,100 tonnes of wheat

A group of South Korean flour millers has bought 24,100 tonnes of US No 1 wheat from Itochu, traders said on Tuesday. Shipment has been set between November 15 and December 15 and buyers are Daihen Flour Mills, Daesun Flour Mills and Samhwa Flour Mills. A
Published 19 Sep, 2007 12:00am

Dollar at record low

The dollar fell to a record low versus the euro early on Tuesday after the Federal Reserve cut its key interest rate. Policy-makers reduced the benchmark lending rate between banks by the most since November 2002 to 4.75 percent, the lowest level since Ma
Published 19 Sep, 2007 12:00am

US copper posts gains

US copper futures settled higher on Monday in extremely thin dealings, with most of the trade waiting on the sidelines ahead of Tuesday's US Federal Open Market Committee decision on interest rates, brokers said. "The market itself was just very quiet, wi
Published 19 Sep, 2007 12:00am

Rebate on textile items export enhanced

Fulfilling a major demand of All Pakistan Textile Mills Association (Aptma), the Federal Board of Revenue (FBR) has enhanced duty drawback on export of viscose staple fibre yarn, acrylic staple fibre yarn, 100 percent polyester staple fibre yarn and other
Published 19 Sep, 2007 12:00am

Gold futures higher in New York

US gold futures finished $6 higher on Monday as investors bet on a lavish rate cut by the Federal Reserve at Tuesday's policy-setting meeting, and as signs that the global credit crisis will fail to end soon attracted safe-haven buying.
Published 19 Sep, 2007 12:00am

Rebate on textile items export enhanced

Fulfilling a major demand of All Pakistan Textile Mills Association (Aptma), the Federal Board of Revenue (FBR) has enhanced duty drawback on export of viscose staple fibre yarn, acrylic staple fibre yarn, 100 percent polyester staple fibre yarn and other
Published 19 Sep, 2007 12:00am

Gold falls on profit taking in Asian trading

Gold fell on Tuesday on profit taking after the metal rallied to a 16-month high the previous day, but sentiment stayed bullish ahead of a widely expected interest rate cut by the US Federal Reserve. Spot gold dropped to $715.30/716.00 an ounce from $716.
Published 19 Sep, 2007 12:00am

Rebate on textile items export enhanced

Fulfilling a major demand of All Pakistan Textile Mills Association (Aptma), the Federal Board of Revenue (FBR) has enhanced duty drawback on export of viscose staple fibre yarn, acrylic staple fibre yarn, 100 percent polyester staple fibre yarn and other
Published 19 Sep, 2007 12:00am

Indian soyoil futures fall on profit booking

Indian soyoil contracts fell on Tuesday as traders locked in profits after prices had climbed more than 3 percent in nearly a week, but analysts said strong Malaysian palm oil would underpin the market. At 2:37 pm (0907 GMT), the October futures on the Na
Published 19 Sep, 2007 12:00am

Rebate on textile items export enhanced

Fulfilling a major demand of All Pakistan Textile Mills Association (Aptma), the Federal Board of Revenue (FBR) has enhanced duty drawback on export of viscose staple fibre yarn, acrylic staple fibre yarn, 100 percent polyester staple fibre yarn and other
Published 19 Sep, 2007 12:00am

Oil surges above 81 dollars on supply fears

Oil surged to a record high above $81 a barrel on Tuesday, drawing strength from concerns of a winter supply squeeze in the world's top consumer where an anticipated interest rate cut is calming recession fears. US light crude for October delivery rose 56
Published 19 Sep, 2007 12:00am

Rebate on textile items export enhanced

Fulfilling a major demand of All Pakistan Textile Mills Association (Aptma), the Federal Board of Revenue (FBR) has enhanced duty drawback on export of viscose staple fibre yarn, acrylic staple fibre yarn, 100 percent polyester staple fibre yarn and other
Published 19 Sep, 2007 12:00am

CBOT rice lower in thin trade

Chicago Board of Trade rough rice futures closed lower on Monday in light trade pressured by farmer-hedge sales, traders said. The US rice harvest was nearly half way complete. USDA reported late on Monday that 47 percent of crop was off the field, ahead
Published 19 Sep, 2007 12:00am

Bonds slip

Long-dated US Treasury debt prices sank on early Tuesday after the Federal Reserve''''s decision to lower interest rates aggressively sent the stock market on a tear and rekindled worries about inflation. But short-dated bonds rallied on the prospect of f
Published 19 Sep, 2007 12:00am

Australia slashes wheat crop forecast, prices rise

Australia slashed nearly a third off its official wheat crop forecast on Tuesday as a persistent drought ravaged crops, adding to a grim picture for world supply and pushing domestic wheat futures to a record high.
Published 19 Sep, 2007 12:00am

Bonds slip

Long-dated US Treasury debt prices sank on early Tuesday after the Federal Reserve''s decision to lower interest rates aggressively sent the stock market on a tear and rekindled worries about inflation. But short-dated bonds rallied on the prospect of fur
Published 19 Sep, 2007 12:00am

New York sugar settles quietly down

Raw sugar finished easier on Monday in a market dominated by position rolling by investors getting out of the spot contract before it expires next week, brokers said. "I think it's mostly focused on that (rollovers), but it's been quiet," said Mike McDoug
Published 19 Sep, 2007 12:00am

Bonds slip

Long-dated US Treasury debt prices sank on early Tuesday after the Federal Reserve's decision to lower interest rates aggressively sent the stock market on a tear and rekindled worries about inflation. But short-dated bonds rallied on the prospect of furt
Published 19 Sep, 2007 12:00am

Soyabeans hit three-year high

US soyabean prices rose to a three-year high on Monday as worries that late-maturing soyabeans in the upper Midwest were damaged by a weekend freeze, traders said. "The freeze in the upper Midwest was a bit of a bullish surprise," said Mario Ballet, analy
Published 19 Sep, 2007 12:00am

Bonds slip

Long-dated US Treasury debt prices sank on early Tuesday after the Federal Reserve's decision to lower interest rates aggressively sent the stock market on a tear and rekindled worries about inflation. But short-dated bonds rallied on the prospect of furt
Published 19 Sep, 2007 12:00am

Malaysian tin down

Malaysian tin fell $50 on Tuesday, weighed down by a fall in London Metal Exchange prices, one dealer said.
Published 19 Sep, 2007 12:00am

Fed cuts base rate half point to 4.75 percent: first cut in four years

The Federal Reserve Tuesday slashed its base federal funds rate by a half point to 4.75 percent, in what analysts called a bold move to stimulate an economy imperilled by housing and credit market stress.
Published 19 Sep, 2007 12:00am

Asian physical rubber prices

Asian physical rubber prices rose on Tuesday, reflecting gains on the Tokyo Commodity Exchange, which rose by the 10-yen daily limit on fund buying. Trading picked up in line with TOCOM, which resumed trading on Tuesday after a holiday, but physical trade
Published 19 Sep, 2007 12:00am

Fed cuts base rate half point to 4.75 percent: first cut in four years

The Federal Reserve Tuesday slashed its base federal funds rate by a half point to 4.75 percent, in what analysts called a bold move to stimulate an economy imperilled by housing and credit market stress.
Published 19 Sep, 2007 12:00am

Tokyo rubber rises by daily limit

Tokyo rubber futures rose by their daily limit on Tuesday, buoyed by firming oil and other commodities prices, as crude oil drove to fresh record highs and other commodities also gained. The benchmark Tokyo Commodity Exchange rubber contract for February
Published 19 Sep, 2007 12:00am

Fed cuts base rate half point to 4.75 percent: first cut in four years

The Federal Reserve Tuesday slashed its base federal funds rate by a half point to 4.75 percent, in what analysts called a bold move to stimulate an economy imperilled by housing and credit market stress.
Published 19 Sep, 2007 12:00am

Malaysian palm oil gains

Malaysian crude palm oil futures ended 0.7 percent higher on Tuesday, just shy of a seven-week high hit the day before as rival soybean oil and crude oil markets rose in Asian trade. The most-active December contract on the Bursa Malaysia Derivatives Exch
Published 19 Sep, 2007 12:00am

Oil hits new high over $82

Oil surged to a peak over $82 a barrel on Tuesday, the fifth record in as many trading days, as a US Federal Reserve decision to slash interest rates heightened concerns of a winter supply squeeze in the world''s top energy consumer.
Published 19 Sep, 2007 12:00am

China needs a freer yuan: Almunia

China should let the yuan currency move more freely to gain flexibility in conducting monetary policy and help to reduce global economic imbalances, EU Monetary Affairs Commissioner Joaquin Almunia said on Tuesday. Almunia noted that China had promised to
Published 19 Sep, 2007 12:00am

Oil hits new high over $82

Oil surged to a peak over $82 a barrel on Tuesday, the fifth record in as many trading days, as a US Federal Reserve decision to slash interest rates heightened concerns of a winter supply squeeze in the world's top energy consumer.
Published 19 Sep, 2007 12:00am

Foot and mouth confirmed at new British farm

Tests have confirmed an outbreak of foot and mouth disease at a third farm in south-east England this month, the environment ministry said Tuesday. "Foot and mouth disease has today been confirmed at the slaughter on suspicion premises where sheep, pigs a
Published 19 Sep, 2007 12:00am

Oil hits new high over $82

Oil surged to a peak over $82 a barrel on Tuesday, the fifth record in as many trading days, as a US Federal Reserve decision to slash interest rates heightened concerns of a winter supply squeeze in the world's top energy consumer.
Published 19 Sep, 2007 12:00am

US senator aims to stop energy market manipulation

Senator Carl Levin introduced legislation on Monday to allow US regulators to track trading of energy futures contracts on currently-exempt electronic exchanges to help prevent price manipulation and excessive speculation of oil, natural gas and other ene
Published 19 Sep, 2007 12:00am

US producer prices drop sharply on energy

US producer prices fell by a much larger-than-expected 1.4 percent in August as energy prices slumped, government data showed on Tuesday, giving the Federal Reserve good news as it weighs an interest rate cut.
Published 19 Sep, 2007 12:00am

IMF warns Bangladesh on fiscal burden of state firms

The International Monetary Fund (IMF) called on Bangladesh to stamp out losses at large state-owned enterprises to reduce the burden on government finances.
Published 19 Sep, 2007 12:00am

France, Germany rule out Northern Rock repeat

The finance ministers of France and Germany said Tuesday they believed the banking crisis that has gripped British mortgage lender Northern Rock could not happen in their countries. "I don't expect this kind of thing to happen in Germany," Germany's Peer
Published 19 Sep, 2007 12:00am

Last-minute wrangling as EU prepares energy shakeup

Debate over how far to go in opening European Union gas and electricity markets raged on Tuesday ahead of a proposal to break up big utility companies and limit foreign firms' control of pipelines and power grids.
Published 19 Sep, 2007 12:00am

Falling inflation creates window for UK rate cut

British inflation unexpectedly fell to 1.8 percent, its lowest in more than a year in August, giving the Bank of England room to cut borrowing costs if the credit crisis deepens. Only last month markets were gambling that interest rates would need to rise
Published 19 Sep, 2007 12:00am

More graduates good for everyone: OECD

The positive economic effects of an increasing number of university graduates can trickle down to the less well-qualified, according to a major report on education by the OECD released on Tuesday.
Published 19 Sep, 2007 12:00am

EU sets up $69 million global warming fund for poor nations

The European Commission on Tuesday announced the creation of a fund to help developing nations battle climate change, putting in 50 million euros (69 million dollars) itself to kick it off.
Published 19 Sep, 2007 12:00am

Sony financial arm cuts IPO to $3 billion

Sony Corp's financial arm cut the price of its initial public offering to 348 billion yen ($3 billion) on Tuesday to better reflect weaker appetite for financial shares in the wake of the US subprime crisis. Turmoil in global stock markets will likely hit
Published 19 Sep, 2007 12:00am

Credit strains to pare global growth: IMF

Strains in financial markets will cause global growth to moderate, but strength in emerging economies should help sustain the global expansion, the International Monetary Fund's No 2 official said on Monday.
Published 19 Sep, 2007 12:00am

Time Warner Cable sees rise in bad debt subscribers

Time Warner Cable Inc Chief Executive Glenn Britt said on Tuesday that the cable television operator is seeing a small increase in bad debt from subscribers in subprime housing areas.
Published 19 Sep, 2007 12:00am

US to allow blueberries from Uruguay, South Africa

The United States will allow imports of fresh blueberries from Uruguay and South Africa, the Department of Agriculture said on Monday. A new rule from the Animal and Plant Health Inspection Service will permit the cold-treated fresh fruit into US markets,
Published 19 Sep, 2007 12:00am

Ricardo keen to make acquisitions

British automotive consultancy Ricardo Plc is searching for bolt-on acquisitions alongside US margin growth to help get the business back on track, Chief Executive Dave Shemmans said on Monday. "We are looking out for appropriate acquisitions ... the kind
Published 19 Sep, 2007 12:00am

Nokia to buy US mobile advertising firm Enpocket

Nokia said on Monday it is buying US cellphone screen advertising firm Enpocket as the world's top handset maker pushes into a market which is seen ballooning in coming years. After a slow start, mobile companies are making moves into the potentially lucr
Published 19 Sep, 2007 12:00am

Global steel market to remain strong: POSCO

POSCO, the world's fourth-largest steel maker, said it expected global steel markets would remain strong through next year backed by buoyant demand from shipbuilding and steady economic growth.
Published 19 Sep, 2007 12:00am

BoC aims to leave C$150 million in settlement system

The Bank of Canada is leaving C$150 million ($146 million) in the Large Value Transfer System overnight on Monday and plans to leave C$150 million in the system on Tuesday, the central bank announced. Normally it targets a balance of C$25 million in the s
Published 19 Sep, 2007 12:00am

Argentina 2008 budget sees 7.3 percent inflation

Argentina's 2008 budget bill, presented to Congress on Friday, sees annual inflation of 7.3 percent and calculates gross domestic product growth at 4 percent. Inflation is expected to average 7.7 percent over the course of 2008.
Published 19 Sep, 2007 12:00am

Break through on key issues in WTO talks: Mandelson

A breakthrough is not far off in long-delayed global trade negotiations and countries need to look beyond their immediate gains or losses in any deal, the EU's trade chief said.
Published 19 Sep, 2007 12:00am

EU urges China to address trade imbalance

The European Union's trade deficit with China is rising at a steep rate, the bloc's economic and monetary affairs commissioner said Tuesday, urging Beijing to address the issue. "The trade deficit of Europe against China is increasing at a very quick rate
Published 19 Sep, 2007 12:00am

Commerzbank fears higher subprime losses

Commerzbank is bracing itself for a higher-than-predicted loss from investments related to risky US mortgages that is set to knock a hole in profits, sources familiar with the matter told Reuters.
Published 19 Sep, 2007 12:00am

Romania may meet plans to sell debts: minister

Romania may still meet its 2007 plans to sell debt worth 12 billion lei ($5 billion) despite recent attempts to cut back on issuance to help ease pressure on yields, a senior official said on Monday.
Published 19 Sep, 2007 12:00am

US household wealth rises to $57.86 trillion in second quarter

The net wealth of US households rose to $57.86 trillion in the second quarter of 2007, as financial asset gains outpaced slowing increases in real estate values, the Federal Reserve said on Monday. In its quarterly "Flow of Funds" report, the Fed said US
Published 19 Sep, 2007 12:00am

China paper urges tougher stock market oversight

China's regulators need to crack down on stock market misbehaviour to avoid market turbulence striking the real economy, a researcher wrote in Monday's overseas edition of the People's Daily. The overseas edition of the ruling Communist Party's official p
Published 19 Sep, 2007 12:00am

US chief executive officers trim outlook amid turmoil

The top executives of America's largest companies have grown more cautious about the economic outlook, according to a survey released on Monday by the Business Roundtable, but they still expect growth despite the turmoil in the world's credit markets and
Published 19 Sep, 2007 12:00am

Palestinian economy remains crippled: World Bank

The Palestinian economy remains crippled seven years after the outbreak of the intifada and needs 1.62 billion dollars in annual foreign aid to close the deficit, the World Bank said in a report obtained by AFP on Tuesday.
Published 19 Sep, 2007 12:00am

Mexico private spending up 4.6 percent in second quarter

Mexican private spending rose 4.6 percent in the second quarter compared with the year-ago period, the finance ministry said on Monday. Aggregate demand - which includes private and government demand, gross fixed investment and exports - was up 4.2 percen
Published 19 Sep, 2007 12:00am

China's top firms face increased risks: S&P

China's top companies will likely see a slowdown in breakneck growth over the next 18 months, under pressure from the US economy and concerns over the "Made in China" tag, Standard & Poor's said Tuesday.
Published 19 Sep, 2007 12:00am

Chinese stocks end mixed

Chinese stocks were mixed on Tuesday as strength in non-ferrous metals and second-tier industrial stocks offset a weak property sector, which was hurt by news of fresh official measures to cool the property market.
Published 19 Sep, 2007 12:00am

Hong Kong blue chips decline

Hong Kong blue chips eased 0.09 percent on Tuesday, tracking weak global equities, as caution ahead of a Federal Reserve rate-setting meeting prompted some investors to lock in profits in recent gainers.
Published 19 Sep, 2007 12:00am

US stocks end down as credit worries spread

US stocks dropped on Monday, led by financial shares, as a rush by savers to withdraw deposits at a large British mortgage lender fuelled concerns that turmoil in the credit markets would spread. Lines of angry customers outside branches of Britain's Nort
Published 19 Sep, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
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